Cost Of Living In Australia Vs The US: 2024

Cost Of Living In Australia Vs The US: 2024

This article is on Cost Of Living In Australia Vs The US: 2024. Are you planning to study abroad and wondering which country is better for you: Australia or the US? Both are popular destinations for international students, offering high-quality education, diverse cultures, and amazing opportunities.

But how do they compare in terms of the cost of living, which is a major factor for many students? In this blog post, we will explore the average cost of living in Australia vs the US for students, including the costs of accommodation, food, transportation, health care and more. We will also give you some tips on how to save money and budget wisely while studying in either country. Read on to unfold the aspects of the US vs Australia Cost of living.

What Is The Average Cost Of Living In Australia Vs The US?

The average monthly cost of living in Australia for students is estimated to be A$ 2,236 (USD 1,431.04) per month for off-campus, while on-campus accommodation is slightly higher at approximately A$ 3,190 (USD 2,041.6).

On the other hand, the estimated monthly expenditure for off-campus living in the US amounts to $ 1,504, while on-campus accommodations are projected to cost around $ 1,850.

Following is the breakdown of the average monthly cost of living in Australia vs the US.

Items Cost Of Living In Australia (Monthly) Cost Of Living In the US (Monthly)
Off-Campus Accommodation A$ 800 (USD 512) $ 525
On-Campus Accommodation A$ 1,754 (USD 1,122.56) $ 871
Transportation A$ 150 (USD 96) $ 70
Food Cost A$ 780 (USD 499.2) $ 527
Utility Cost A$ 205 (USD 131.2) $ 180
Entertainment A$ 80 (USD 51.2) $ 48
Groceries A$ 68 (USD 43.52) $ 52
Clothes A$ 153 (USD 97.92) $ 102
Total Cost of Living with Off-Campus Accommodation A$ 2,236 (USD 1,431.04) $ 1,504
Total Cost of Living with On-Campus Accommodation A$ 3,190 (USD 2,041.6) $ 1,850
Annual Cost of Living A$ 26, 832 (USD 17,172.48) $ 18,048

Housing Facilities In Australia Vs The US

Student accommodation in Australia and the US can vary depending on the location, the type of housing, and the amenities. One of the factors that affect the cost of living in Australia compared to the US is the choice of housing options for students in both countries. Here are some of the common types of housing options for students in both countries:

On-campus Accommodation

This is where students live in dormitories or apartments within the university campus. This option is convenient, safe, and offers a chance to socialize with other students. The average rent for on-campus accommodation in Australia is A$ 800 (USD 512) per month, while in the US it is USD 525 per month.

Read Also: UK Facts – 80 Interesting Facts About The British

Off-campus Accommodation

This is where students live in rented apartments or houses outside the university campus. This option is more flexible, spacious, and affordable than on-campus accommodation. However, it can also be challenging to find a suitable place, deal with landlords, and commute to the university. The average rent for off-campus accommodation in Australia is A$ 1,754 (USD 1,122.56) per month, while in the US it is USD 871 per month.

Best Places To Stay

  • Australia: Sydney, Melbourne, Brisbane, Perth, and Adelaide. These cities offer a high quality of education, a diverse culture, a vibrant nightlife, and a range of attractions
  • US: Boston, San Francisco, New York, Chicago and Los Angeles. These cities offer a world-class education, a multicultural environment, a dynamic entertainment scene, and a variety of opportunities.

UniAcco‘s global network of 10,000+ students and receive expert guidance to make your study abroad experience in both countries exceptional. With UniAcco’s assistance, choose the best student accommodation in Australia and the US and make your time abroad unforgettable.

Tuition Fees

Tuition fees are one of the major expenses for international students who want to pursue higher education abroad. However, tuition fees are not the only factor to consider when comparing the cost of studying in different countries. The cost of living in Australia vs the US also plays a significant role in determining the overall affordability and quality of life for students.

Undergraduate Bachelor’s Degree

  • Australia: AU$20,000 (US 13,675) to $45,000 (US 30,769) per year
  • US: $26,820 per year for public universities, more for private colleges.

Postgraduate Master’s Degree

  • Australia: AU$ 22,000 (US$15,045) to $50,000 (US$34,192) per year.
  • US: $30,000 to $40,000 per year for public universities, more for private colleges.

Popular Courses

Some of the popular courses in Australia include Business and Management, Engineering, Health and Medicine and Information Technology.

While in the USA, the most pursued courses are Business and Management, Engineering, Social Sciences, Computer Science and Biological Sciences.

Scholarship Availability In Australia

  • Australia Awards Scholarships: Full scholarships covering tuition, living expenses, and more.
  • Destination Australia Scholarships: Support for regional campus study.
  • Research Training Program (RTP): Scholarships for research degrees.
  • University-specific scholarships: Based on merit, need, or criteria.

Scholarship Availability In The US

  • Fulbright Program: Prestigious scholarships for students from 160+ countries.
  • EducationUSA Opportunity Funds Program: Support low-income students with academic excellence.
  • AAUW International Fellowships: Fellowships for women pursuing studies in the US.
  • University-specific scholarships: Based on merit, need, or criteria.

Following is the list of the 10 Best Universities to study in the US and Australia:

US Australia
Massachusetts Institute of Technology (MIT) Australian National University (ANU)
Harvard University University of Melbourne
Stanford University University of Sydney
University of California Berkeley (UCB) University of Queensland
University of Chicago Monash University
University of Pennsylvania University of New South Wales (UNSW)
Cornell University University of Western Australia (UWA)
California Institute of Technology (Caltech) University of Adelaide
Yale University Macquarie University
Princeton University Queensland University of Technology (QUT)

Cost Of Food 

The average monthly cost of food in Australia is around AUD 780 (USD 499.2), whereas in the US it is around USD 527.

  • Student discounts: Students can save money by shopping at supermarkets that have less expensive food items, such as Aldi, Coles and Woolworths in Australia, and Walmart, Costco and Trader Joe’s in the US.
  • Students can also look for student discounts at various cafes, restaurants and food outlets that offer them. For example, UNiDAYS is a platform that provides discounts for students in both countries.
  • Affordable places to eat: Some affordable places to eat in Australia are Nando’s, Grill’d, Guzman y Gomez and Subway. Some affordable places to eat in the US are Chipotle, Panera Bread, Panda Express and Chick-fil-A.
  • Famous dishes: Some famous dishes that students must try in Australia are Vegemite toast, meat pie, lamingtons and pavlova. Some famous dishes that students must try in the US are burgers, pizza, macaroni and cheese and apple pie.

Transportation Cost

Comparing the cost of living in Australia vs the US, the average monthly transportation expense stands out. In Australia, it amounts to around A$150 (USD 96), whereas in the US, it averages around USD 70.

Modes Of Transportation 

The modes of transportation available in both countries include buses, trains, trams, subways, taxis and ridesharing services. Some cities also have ferries, light rail and bike-sharing systems.

Student Discount

Students can look for student discounts or concessions that are offered by some transport providers or authorities. For example, in Australia, students can get discounts on buses in NT, SA and WA, and on trains and trams in SA and VIC. In the US, students can get discounts on buses and subways in Boston, Chicago and Los Angeles.

Healthcare Facilities

In Australia,  Medicare covers most medical costs for eligible residents. Over 1300 hospitals offer free/low-cost care in the public and private sectors. Various healthcare facilities are funded by government or private entities. NHMRC supports research and health policies.

While in the United States, there is a mixed public-private system. Private health insurance is common. 6000+ hospitals, mainly private, varying in quality and cost. Public hospitals serve low-income, private cater to the insured/uninsured. NIH, a federal agency, supports global biomedical research.

Part-time Job Opportunities For Students

When considering the cost of living in Australia vs the US, exploring a variety of job options becomes crucial for enhancing your student experience and managing your finances effectively in both countries.

In Australia, students can work up to 40 hours per fortnight during their study term and unlimited hours during their vacation period. They can earn an average of AUD 20-25 per hour depending on the type of job and their skills.

In the US, students can work up to 20 hours per week on campus during their study term and up to 40 hours per week off campus during their vacation period. They can earn an average of USD 10-15 per hour depending on the type of job and their skills.

Tutoring services, the food chain business, admin executives, bartenders, and customer service centers are some of the most common part-time jobs for students in Australia.

Some of the common part-time jobs in the US for students are campus ambassador, library assistant, barista, tour guide and store associate.

Conclusion

Education, healthcare, and general living expenditures all differ when comparing the cost of living in Australia vs the US dynamically. As opposed to the US, which mixes private insurance with substantial research money, Australia provides accessible healthcare through Medicare and a variety of scholarships. Both countries have distinctive systems that influence the way of life of their citizens, highlighting the significance of thoughtful thinking when making decisions based on personal preferences and financial planning.

FAQs

1. What is the average Australian vs US cost of living?

The average monthly cost of living in Australia is approximately A$ 800 (USD 512), while in the US it is $ 525.

2. Is Australia better to live in than the USA?

Australia has a higher quality of life than the US, with longer life expectancy, a lower obesity rate, and more paid vacation time. However, the US has more cultural influence, technological innovation, and diverse landscapes and landmarks.

3. Which is better to work USA or Australia?

Australia has a better work-life balance than the US, with a more cordial work culture, higher job security, and higher minimum wage. However, the US has more job opportunities in various sectors, especially in technology, finance, and entertainment.

4. What are the benefits of studying in Australia and the US?

Australia has cheaper tuition fees and living expenses than the US, as well as a student visa that allows students to work in Australia. However, the US has more prestigious and diverse universities and programs, as well as more scholarships and financial aid options.

5. What US and Australia is famous for?

The US is famous for its cultural influence, technological innovation, diverse landscapes and landmarks, while Australia is famous for its natural beauty, diverse wildlife, landmarks such as the Sydney Opera House and the Great Barrier Reef, and food such as Vegemite.

Thank you for reading about the “Cost Of Living In Australia Vs The US.” If you’re interested in exploring more articles on related topics, we recommend checking out the below articles:

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